National Pension Service boosted its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,341 shares of the company’s stock after buying an additional 2,583 shares during the period. National Pension Service owned 0.07% of The Priceline Group worth $47,589,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of The Priceline Group by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,994,181 shares of the company’s stock worth $3,737,965,000 after buying an additional 51,477 shares during the last quarter. Capital World Investors increased its stake in shares of The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock worth $1,542,830,000 after buying an additional 340,386 shares during the last quarter. Lone Pine Capital LLC increased its stake in shares of The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock worth $1,399,165,000 after buying an additional 329,121 shares during the last quarter. Jennison Associates LLC increased its stake in shares of The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock worth $1,071,342,000 after buying an additional 150,154 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of The Priceline Group by 1.3% in the second quarter. BlackRock Group LTD now owns 405,155 shares of the company’s stock worth $505,800,000 after buying an additional 5,337 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.19% during trading on Tuesday, reaching $1522.14. The company’s stock had a trading volume of 22,048 shares. The Priceline Group Inc. has a 52 week low of $954.02 and a 52 week high of $1,600.93. The company has a 50 day moving average price of $1,486.76 and a 200-day moving average price of $1,395.39. The company has a market capitalization of $75.11 billion, a PE ratio of 38.85 and a beta of 1.69.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping analysts’ consensus estimates of $29.88 by $1.30. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The company earned $3.69 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $25.35 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts anticipate that The Priceline Group Inc. will post $64.44 earnings per share for the current year.

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A number of brokerages recently weighed in on PCLN. Jefferies Group reaffirmed a “buy” rating and set a $1,700.00 price objective on shares of The Priceline Group in a research report on Tuesday, August 23rd. Deutsche Bank AG raised their price objective on The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Vetr raised The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 price objective on the stock in a research report on Thursday, November 10th. Zacks Investment Research downgraded The Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $1,625.00 price target on shares of The Priceline Group in a report on Tuesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,622.45.

In other news, CEO Jeffery H. Boyd sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $1,472.08, for a total transaction of $4,416,240.00. Following the completion of the transaction, the chief executive officer now directly owns 85,537 shares of the company’s stock, valued at approximately $125,917,306.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Glenn D. Fogel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $1,434.75, for a total value of $1,434,750.00. Following the transaction, the insider now directly owns 25,131 shares of the company’s stock, valued at $36,056,702.25. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

5 Day Chart for NASDAQ:PCLN

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